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Carlyle Group launches sub-Saharan Africa Investment Group

Global alternative asset manager The Carlyle Group has established a team to conduct buyout and growth capital investments in sub-Saharan Africa (SSA). The team is co-headed by Managing Directors Marlon Chigwende, former Managing Director & Head of Private Equity Africa for Standard Chartered Bank, and Danie Jordaan, former Executive Committee Member and Partner of Ethos Private Equity.


The team also includes Managing Director Genevieve Sangudi, most recently a Partner and Managing Director of Emerging Capital Partners. Jordaan begins his duties immediately while Chigwende and Sangudi will begin in early May.
Greg Summe, Carlyle Managing Director and Vice Chairman of Global Buyout, says: “We are pleased to welcome Marlon, Danie and Genevieve to Carlyle. Sub-Saharan Africa is one of the fastest growing regions in the world, driven by favorable demographics, expanding domestic industries and an improving political environment. Carlyle’s SSA team comprises African nationals with deep market knowledge, broad networks across the continent and extensive experience in private equity transactions. The Africa team’s expertise should be a powerful combination with Carlyle’s deep industry experience and global platform.”
The Carlyle SSA team will make buyout and growth capital investments in private and public companies from offices in Johannesburg, SA and Lagos, Nigeria. Carlyle will focus on transactions where it has a distinctive competitive advantage and can create tangible value for companies in which it invests, through industry specialisation, deployment of human capital and access to Carlyle’s global network. Carlyle’s initial target industries include consumer goods, financial services, agriculture, infrastructure and energy.
Co-head, Danie Jordaan, says: “We are excited to join Carlyle, with its demonstrated ability to build thriving private equity businesses across emerging markets. As SSA gains from political and economic reforms, demand for basic services and infrastructure is dramatically increasing. The entrance of a global player like Carlyle into SSA is a testament to the region’s progress and prospects and will attract more capital and talent to the region. We also believe Carlyle’s global network will facilitate the growth of its SSA investments in the major international markets.”

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